Bank of Montreal Can raised its stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,100 shares of the restaurant operator’s stock after buying an additional 168 shares during the quarter. Bank of Montreal Can’s holdings in Texas Roadhouse were worth $126,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in TXRH. Paradigm Asset Management Co. LLC lifted its stake in shares of Texas Roadhouse by 10.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 2,750 shares of the restaurant operator’s stock worth $191,000 after purchasing an additional 250 shares during the period. Independent Advisor Alliance purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth $201,000. Blair William & Co. IL purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth $204,000. YHB Investment Advisors Inc. purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $204,000. Finally, FDx Advisors Inc. purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth $220,000. Hedge funds and other institutional investors own 87.98% of the company’s stock.
Shares of TXRH opened at $63.31 on Friday. The firm has a market capitalization of $4.48 billion, a P/E ratio of 28.78, a PEG ratio of 2.15 and a beta of 0.71. Texas Roadhouse Inc has a twelve month low of $55.02 and a twelve month high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, February 19th. The restaurant operator reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $605.91 million for the quarter, compared to analyst estimates of $599.06 million. Texas Roadhouse had a return on equity of 17.06% and a net margin of 6.44%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. As a group, analysts predict that Texas Roadhouse Inc will post 2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be given a $0.30 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 45.45%.
A number of brokerages have weighed in on TXRH. BidaskClub lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Friday, November 2nd. Wedbush reissued a “hold” rating and set a $62.00 price target on shares of Texas Roadhouse in a research note on Wednesday, February 20th. Finally, Goldman Sachs Group raised Texas Roadhouse from a “neutral” rating to a “buy” rating and increased their price target for the stock from $64.00 to $72.00 in a research note on Friday, January 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.71.
In related news, President Scott Matthew Colosi sold 34,247 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.39, for a total value of $2,136,670.33. Following the transaction, the president now directly owns 121,388 shares of the company’s stock, valued at approximately $7,573,397.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.89% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of October 29, 2018, it owned and operated approximately 575 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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